I think the biggest one is #10 They want microstock to fail. Of course they do. They have gone from selling photos for $100s if not $1000s of dollars and are now getting 30c. But in some cases the photos isn’t worth $100. A picture of an apple is not worth that much and that has stopped small businesses using photography in their publications (see here)

Lees article was also picked up at PDNPulse with their blog “Do professionals want microstock to fail” which despite the title, focuses on reason #4 Do you know who I am? and discusses the point that all the reputation and respect they have built up in the industry disappears when they have to compete on an equal footing with amateurs with point and shoot cameras (my words not the articles).